Whether you run a nail salon, bookstore, or tax consulting office, it’s essential to protect the enterprise with business insurance. From malfunctioning products to a spontaneous storm, the right policy can prevent you from worrying, so you can focus on what really matters—running the company. Here are three stand-out reasons to spring for business insurance now.

Why Should You Get Business Insurance?

1. Eliminate Anxiety About Natural Disasters

If a tornado or severe thunderstorm hits your town, the business could be seriously damaged by windswept debris, fallen trees, or downed power lines. Luckily, business property insurance will cover natural disasters.

From flooding to fires caused by lighting, you don’t have to worry about inclement weather damaging commercial property or draining your savings. The insurance provider will step in to help pay for the cost of repairs or rebuilding.

2. Protect Your Employees

If you have a team of employees, business insurance is crucial to their livelihood. In fact, it may be hard to attract new hires or retain employees if they are aware you lack insurance.

With the right policy in place, your workers can file for compensation if they get injured on the job and are no longer able to make money. In addition to pleasing employees, this coverage will prevent you from being solely responsible for the cost of their injuries, lost wages, and pain and suffering.

3. Avoid High-Stress Lawsuits

More commonly, businesses are at risk of being sued by their clients or customers. For example, if a woman slips and falls on a puddle in the grocery store, she can file a personal injury suit for compensation.

Or, if a vendor accuses you of delivering subpar results or breaking a contract, you could face serious legal penalties. With liability insurance in place, you don’t have to worry about accidents, professional mistakes, or defective products costing you the business. In these situations, the insurance provider will take on the bulk of the work to remedy the situation with the plaintiff.

If you run a business in the Tri-State area, turn to the team at Kleppinger Insurance, LLC in Bethlehem, PA for help. This locally owned and operated insurance agency is proud to be independent, so they can search through offerings from multiple carriers to find the best policy for you. To learn more about their business insurance services, visit them online. You can also call (484) 357-1485 to arrange for a convenient, over-the-phone consultation today.